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Convergence of work and life defines September London workplace design shows

Convergence of work and life defines September London workplace design shows

by • Comment, Events, Flexible working, Furniture, Workplace design

It has always been a characteristic of the 100% Design exhibition that it has segmented along the demarcations of workplace, home, interiors, kitchens and bedrooms. This used to make perfect sense as the same distinctions existed in our lives, reflected in the form and function of the products we allocated to those spaces. This is no longer the case to anywhere like the same extent and consequently, the workplace section of the show is full of products that could make the crossover into a domestic, cafe or hotel setting with not an eyebrow raised. That is not to say that the mainstay products of the workplace – desks, task chairs, storage, screens – are no more. They are still specified in vast numbers. It is just that the interesting aspects of workplace design are to be found in its shared and public spaces. It is here where we witness the convergence that characterises modern working life. We might still talk about work life balance (too much) but there is a growing realisation that the distinction grows more meaningless with each passing year.

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Offices rents in London skyscrapers and tech hubs are amongst highest in world

by • News, Property

Rents for office space in London skyscrapers are still the highest in Europe, according to a report from Knight Frank, suggesting that the capital remains one of the most sought after business hubs in Europe despite Brexit. Knight Frank has also reported on the costs of office space in East London’s tech hubs and found they are amongst the highest in the world, with rents akin to those seen in the City of London. According to the study, prime rents in London buildings over 30 storeys stood at $110 per square feet over the first half of the year, nearly double the $58 per square feet and $54 per square feet rent for buildings in Paris and Frankfurt respectively.

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Groundbreaking White Collar Factory building opens in London

by • Company news, Property, Workplace design

Derwent London has announced the opening of White Collar Factory. The firm claims that the project is one of the most visionary developments of recent years, White Collar Factory combines the look of a well-built industrial space with modern office design. Located near Old Street Roundabout in North East London and designed by architectural practice Allford Hall Monaghan Morris (AHMM), the features of the White Colla Factory include 3.5m high ceilings, concrete core cooling, a 150m rooftop running track, communal roof terrace, a new landscaped public space and the ability to accommodate flexible occupation. The 293,000 sq ft mixed-use development includes a 237,000 sq ft office tower, where the first tenants are already in occupation. Tenants include Adobe, AKTII, BGL, Box.com, Capital One, Runpath, Spark44, The Office Group and Workshop Coffee. The tower forms part of a new urban campus with a further 56,000 sq ft of offices, studios, incubator space, restaurants and apartments, set around a new landscaped area of public realm, ‘Old Street Yard’.

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Brexit having a significant impact on London firms, but tech and media sectors growing

Brexit having a significant impact on London firms, but tech and media sectors growing

by • Cities, Facilities management, News, Workplace

With the overwhelming majority of London businesses employing staff from the EU (88 percent), Brexit is having a significant impact on the capital’s companies, according to the latest CBI/CBRE London Business Survey. Just under three quarters of firms (73 percent) view uncertainty over the UK’s role in Europe as their top concern, whilst a similar number (69 percent) have developed, or are developing, a contingency plan for when the UK leaves the EU. Indeed, over a quarter of respondents (27 percent) indicated they are planning to move part of their operations overseas. Close to two thirds (62 percent) have, or are developing, a strategy to address skill shortages that could be incurred if restrictions are placed on EU nationals working in the UK. However, two thirds of the 271 respondents to the Survey (65 percent) said that the tech and creative sectors were the principal sectors for the capital’s economic growth over the next five years, followed by professional services (49 percent) and FinTech (47 percent).

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London faces potentially large loss of office stock under office-to-residential conversion rights

London faces potentially large loss of office stock under office-to-residential conversion rights

by • News, Property

A total of 13.3 million square feet of London office space could be lost to office-to-residential conversions carried out under new Permitted Development Rights introduced in 2013, according to new research published by the British Council for Offices (BCO). This figure comprises of 7.5 million ft² of office space in London which has already been converted to homes since the introduction of the rights, with a further 5.7 million ft² of conversions in the capital having approval. An average of 2 million ft²/year has been converted each year since the rights were introduced in 2013, or 0.7 percent of the total London office stock.

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London’s commercial office market slows down as occupiers choose to stay put

by • Cities, Facilities management, News, Property

Following a period of stability over the last few quarters, despite the Brexit vote, London’s office market is increasingly coming under pressure, according to Clutton’s London Office Bulletin for Summer 2017. According to Ralph Pearson, Clutton’s head of commercial agency – this is due to reduced levels of occupier activity post Brexit where there is increased instances of tenants renewing leases rather than electing to relocate. Although take up in the second quarter of this year was close to the five-year average, the main reason for this was due to activity carried out by WeWork, which accounted for the two largest deals – involving a total of 425,000 sq ft in Shaftesbury Avenue and at South Bank Place. The market has since begun to stagnate, and so far, for the third quarter of this year quoted rents have slipped across much of central London with rent free periods continuing to lengthen.

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Commercial property investment in central London hits ten year high, claims report

Commercial property investment in central London hits ten year high, claims report

by • News, Property

Commercial property investment in central London has seen its strongest trading in a decade, according to Savills. The real estate adviser claims that over £2.3bn was invested in central London commercial property in July, with total turnover for 2017 to the end of July reaching £11.5bn, a 24 percent increase on the same period last year. July was the strongest month recorded since March 2007 for the City as sales were boosted by the acquisition of 20 Fenchurch Street for almost £1.3bn to a Hong Kong-based property group.

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London Mayor launches strategy to make the city “one of the greenest on the planet”

London Mayor launches strategy to make the city “one of the greenest on the planet”

by • Cities, Environment, News

The Mayor of London, Sadiq Khan has launched a new environmental strategy which he claims will help make the capital the world’s first ‘National Park City and one of the greenest cities on Earth’. The strategy includes plans for a new £9million Greener City Fund to boost trees and green infrastructure; improved planning policy proposals to encourage more green roofs, green walls and rain gardens; the creation of a ‘Challenge Map’ to prioritise areas in need of green infrastructure; and a series of measures to tackle pollution, promote cleaner energy & make more than 50 per cent of London green by 2050. As part of the strategy, the Mayor will use planning regulations to protect the Green Belt and incorporate into new developments more ‘green roofs’ (roofs covered with grass and plants which are excellent for soaking up rainwater), green walls (which can be added to the outside walls of buildings by busy polluted roads and are covered in plants to help boost air quality), ‘rain gardens’ (small green spaces which help prevent flooding), and habitats for wildlife.

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Mayor announces plans to boost digital connectivity across London

Mayor announces plans to boost digital connectivity across London

by • Cities, News, Technology

The Mayor of London, Sadiq Khan, has announced a package of measures which he claims will boost digital connectivity across the capital and tackle London’s areas of poor connectivity – known as ‘not-spots’ – including the appointment of a troubleshooting ‘Not Spot Team’. Meanwhile, Transport for London is working to bring mobile connectivity to London Underground tunnels – one of the most high-profile not spots in the country. In spite of Brexit, London is still widely regarded as Europe’s leading technology hub, with a growing sector of over 40,000 digital technology businesses employing almost 200,000 people, as well as major bases of many leading global tech companies. But while the capital leads the way in tech growth, there are parts of the city where slow and unreliable broadband is a source of concern and frustration for businesses and residents alike, such as in Rotherhithe and parts of Westminster and the City of London.

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Google wins approval for new London headquarters

Google wins approval for new London headquarters

by • Cities, News, Property

Google’s much talked about plan to build a new London headquarters in King’s Cross has been approved by Camden Council. The building, designed by Thomas Heatherwick and BIG in collaboration with BDP replicates some of the campus facilities now associated with a tech campus including a garden, 200m jogging track on the roof, swimming pool, massage parlours exercise  rooms and facilities for badminton, five-a-side football and basketball. The finished 11-storey building will be more than one million square feet in size of which Google will occupy 650,000 sq ft. Motorised timber blinds on the outside of the building keep direct sunlight out. Solar panels on the roof will deliver an annual output of 20MWh. The main contractor Lendlease will start on site next year on a contract believed to be worth around £350m.

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Coworking provider Mindspace set to open first London location

Coworking provider Mindspace set to open first London location

by • Company news, Coworking

Coworking provider Mindspace has announced that it will be opening its first coworking property in London. Opening in December 2017, the new location will span two floors and around 30,000 sq ft which the firm claims will accommodate 700 members. Mindspace currently operates 13 coworking spaces across the European mainland in locations such as Berlin, Hamburg (pictured), Munich, Tel Aviv and Warsaw and was founded in 2014 by Dan Zakai and Yotam Alroy. Mindspace’s first coworking space in London will be located at the Relay Building on Whitechapel High Street, directly above Aldgate East tube station and within walking distance of the City and Shoreditch.

 

Other UK cities must rebalance London-centric commercial property market

Other UK cities must rebalance London-centric commercial property market

by • Cities, News, Property

It is up to the UK’s other cities to rebalance the country’s London focussed commercial property market according to a new report, ‘What investors want: a guide for cities’, published by the think tank Centre for Cities with support from Capita. It examines the top priorities for investors when choosing which places to invest in, and offers practical advice for cities on how to make their places as attractive as possible for investors. The report shows that just over half of all investment in Britain’s commercial property market in 2016 – worth over £43bn in total – was spent in London. This was significantly more than the South East, the second most successful region, which secured nearly £5bn of investment, equivalent to 11% of the total share across Britain.

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